Stock Dimension – BKI aims for total premium income of 32.5 billion baht, growth of 8%, restructuring into a holding business, preparing to tender offer “BKI” shares to “BKIH”
Bangkok Insurance Public Company Limited or BKI by Dr. Abhisit Anantanatrat, Chairman of the Executive Board and President, revealed that in 2024, the target is for total premium income of 32.5 billion baht, growing 8% from 2023 at 29.9 billion baht, divided It is car insurance premium of 13.6 billion baht and non-car insurance premium of 1.88 million baht.
Ready to transform into Holdings
There is a plan to change the business to a holding. From the company restructuring plan through the establishment of BKI Holdings Public Company Limited or BKIH at the end of 2023 and receiving approval from the SEC to make a Tender Offer in exchange for “BKI” shares. as “BKIH” shares between 25 March – 5 June 2024. After that, BKIH shares will be listed on the SET.
Thai general insurance business total premiums exceed 300 billion.
However, the Thai General Insurance Association expects direct insurance premiums to expand 5.0 – 6.0%, accounting for 301-303 billion baht, from health insurance that continues to grow. Including insurance related to travel as the number of tourists increases. Meanwhile, overall car insurance premiums continued to grow well. Although sales of new cars are likely to shrink by 3%, the EV car segment is expected to grow by 65-70%, which has a premium that is more expensive than that of a sedan.
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2024-04-08 12:55:36
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